Delta Air Lines (DAL, Financial) announced strong results for the second quarter, highlighting its effective strategy and leadership in reliability metrics compared to its network peers. The airline reported that its diverse revenue channels continue to demonstrate resilience, bolstering confidence in the solid fundamentals of the U.S. economy.
Looking ahead, Delta anticipates improvements in consumer and corporate confidence during the second half of the year. The company remains confident in achieving its financial targets within the next three to five years, backed by significant technological investments and a focus on capitalizing on its competitive advantages.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Delta Air Lines Inc (DAL, Financial) is $60.30 with a high estimate of $88.00 and a low estimate of $36.77. The average target implies an upside of 5.31% from the current price of $57.27. More detailed estimate data can be found on the Delta Air Lines Inc (DAL) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Delta Air Lines Inc's (DAL, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Delta Air Lines Inc (DAL, Financial) in one year is $45.12, suggesting a downside of 21.21% from the current price of $57.265. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Delta Air Lines Inc (DAL) Summary page.
